Please help !! Which of the following BEST describes a monopolistic market structure?
A.
a single seller and multiple buyers
B.
a single good and multiple sellers
C.
a single buyer and a single seller
O
D.
a single seller and a single good
Monopoly means you can get your goods (whatever it may be) only from one source thus it's a Monopoly and can dictate prices and therefore stifle competition.
